ACTIVE

Dr. Naesens en Dr. Kaes

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Financial year 2025 · closed on 31/12/2025
Net result
697,1 k €
+14.4% YoY
Gross margin
954,9 k €
+13.1% YoY
Equity
3,3 M €
+11.5% YoY

What does Dr. Naesens en Dr. Kaes do?

Dr. Naesens en Dr. Kaes is a Private limited company incorporated in 2012. Its main activity is: Manufacture of basic pharmaceutical products. Its registered office is in Hasselt.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0846.241.163
Incorporation
31/05/2012
Legal form
Private limited company
Registered office
Siegersveldstraat 12
3500 Hasselt · FlandreSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
21100Manufacture of basic pharmaceutical products· main21100Manufacture of basic pharmaceutical products86909Other human health activities86995Other human health activities
Contacts
1 public detail availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021202020192018201720162015201420132012
Income statement
Gross margin954,9 k €844,5 k €600,6 k €983,6 k €777 k €516,7 k €628,7 k €644,6 k €654,5 k €319,6 k €250,3 k €103,1 k €135,1 k €92,6 k €
EBITDA953,1 k €842,5 k €599,1 k €975,6 k €783,5 k €459,9 k €565,1 k €591,3 k €591 k €299,2 k €249,2 k €101,9 k €133,7 k €91,5 k €
Operating result943,9 k €832,8 k €587,4 k €956,3 k €764,9 k €437,9 k €544,1 k €542,5 k €547,9 k €237,6 k €240 k €94,4 k €95,4 k €91 k €
Net result697,1 k €609,4 k €437,9 k €676,6 k €529,8 k €302,1 k €356,9 k €356 k €326,9 k €167,6 k €135 k €62,5 k €70,2 k €53,1 k €
Balance sheet
Equity3,3 M €3 M €2,7 M €2,6 M €2,1 M €1,8 M €1,5 M €1,2 M €821,5 k €494,6 k €327 k €192 k €129,5 k €59,3 k €
Total assets3,4 M €3 M €2,7 M €2,6 M €2,1 M €1,8 M €1,6 M €1,3 M €873,2 k €527,1 k €377,8 k €287,9 k €185,1 k €122,2 k €
Cash296,5 k €264,3 k €224,2 k €1,1 M €1,3 M €1,1 M €952,5 k €840,3 k €481,4 k €335 k €116,6 k €–60,7 k €93,3 k €
Debts84,7 k €8,1 k €14,2 k €4,9 k €12,1 k €27,4 k €35,7 k €116,9 k €51,5 k €32,6 k €49,5 k €95,9 k €55,7 k €63 k €
Other
Workforce–––––1,1 ETP––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Karen Kaes

Director

Active
Reinout Naesens

Director

Active

Ended mandates

Karen Kaes

Manager · since 31 mai 2012

Ended
REINOUT NAESENS

Manager · since 31 mai 2012

Ended
Karen Kaes

Andere functie

Ended
Karen Kaes

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date24/08/202625/07/202522/08/202423/08/202331/08/202229/07/2021
General meeting26/06/202627/06/202531/05/202426/05/202327/05/202228/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202526/06/202624/08/2026DutchPDF
Micro model31/12/202427/06/202525/07/2025DutchPDF
Abridged model31/12/202331/05/202422/08/2024DutchPDF
Abridged model31/12/202226/05/202323/08/2023DutchPDF
Abridged model31/12/202127/05/202231/08/2022DutchPDF
Abridged model31/12/202028/05/202129/07/2021DutchPDF
Abridged model31/12/201931/08/202029/07/2021DutchPDF
Abridged model31/12/201831/05/201923/09/2020DutchPDF
Micro model31/12/201831/05/201914/08/2019DutchPDF
Micro model31/12/201725/05/201810/08/2018DutchPDF
Micro model31/12/201626/05/201718/08/2017DutchPDF
Abridged modelCorrection31/12/201527/05/201620/09/2017DutchPDF
Abridged model31/12/201527/05/201631/08/2016DutchPDF
Abridged model31/12/201429/05/201531/07/2015DutchPDF
Abridged model31/12/201330/05/201401/08/2014DutchPDF
Abridged model31/12/201231/05/201331/08/2013DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Karen Kaes

Director

Active
Reinout Naesens

Director

Active

Ended mandates

Karen Kaes

Manager · since 31 mai 2012

Ended
REINOUT NAESENS

Manager · since 31 mai 2012

Ended
Karen Kaes

Andere functie

Ended
Karen Kaes

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Other04/06/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025697,1 k €↑
  2. 2024
    Annual accounts 2024609,4 k €↑
  3. 2023
    Annual accounts 2023437,9 k €↓
  4. 2022
    Annual accounts 2022676,6 k €↑
  5. 2021
    Annual accounts 2021529,8 k €↑
  6. 2020
    Annual accounts 2020302,1 k €↓
  7. 2019
    Annual accounts 2019356,9 k €↑
  8. 2018
    Annual accounts 2018356 k €↑
  9. 2017
    Annual accounts 2017326,9 k €↑
  10. 2016
    Annual accounts 2016167,6 k €↑
  11. 2015
    Annual accounts 2015135 k €↑
  12. 2014
    Annual accounts 201462,5 k €↓
  13. 2013
    Annual accounts 201370,2 k €↑
  14. 2012
    Annual accounts 201253,1 k €
  15. 31/05/2012
    IncorporationPrivate limited company